What separates good traders from bad traders? A good trader realizes that trading is patience, discipline, and requires a trading approach adapted to their specific psychological profile. A good trader concentrates on the PROCESS of trading, and not just on the result. Here’s a list of other things that good traders do: What Good Traders Do A good trader knows if they…
How do you trade Heikin Ashi? As mentioned in a previous lesson, using a Heikin Ashi chart makes trends easier to identify. Heikin Ashi allows traders to look for the emergence of new trends or for the reversal of already existing trends. Here are five basic ways to use Heikin Ashi charts in your trading. 1. Green candlesticks signal an uptrend….
As a beginner, you’ve taken your first steps towards learning the basics of forex trading. But it only gets harder from here. Just like learning how to walk, you have to take baby steps, and in between, you will fall, but you get back up and press forward. If you’re trying your hand at forex trading for the…
How do you use Heikin Ashi? Now that you’ve learned how to calculate Heikin Ashi candlesticks, let’s discuss how to use and read a Heikin Ashi candlestick chart. The idea behind using a Heikin Ashi chart is that it filters market noise. And since noise is filtered, you basically see the naked trend. Because the Heikin Ashi candlesticks…
Do you want to learn how to make all the money you just deposited in your trading account quickly vanish? In 10 days or less? Here’s a step-by-step guide: Step 1: Buy a super expensive computer. Don’t forget to buy at least six 27” UltraHD 8K monitors and mount them all on a magnificent monitor stand so that you…
How do you calculate Heikin Ashi? Let’s learn how Heikin Ashi candlesticks are calculated and plotted on a chart. Like we mentioned in the previous lesson, to a noob’s eye, they may look like regular candlesticks but they….are….not. It’s kind of like being able to tell the difference between a wolf and a dog. Looks cute and…
How is Heikin Ashi different from a typical candlestick? Let’s learn the difference between a Heikin Ashi candlestick versus a traditional Japanese candlestick chart. A picture is worth a thousand pips so let’s look at some actual charts. First, here’s a traditional Japanese chart of GBP/JPY on the daily (1D) timeframe: Here’s the same GBP/JPY displayed with a Heikin Ashi candlestick chart:…
Did you know that the five deadliest factors that cause traders to fail are self-inflicted? Many traders self-sabotage their own trading and may not even be aware they’re doing it. When their account goes to zero, they have nobody to blame but themselves. While it might be too late for these traders, fortunately, it’s not too late…
What is Heikin Ashi? Share on FacebookShare on Twitter Heikin Ashi? You’re probably familiar with the three popular chart types: line chart, bar chart, and the candlestick chart. But there’s another type of chart that you should know about that uses a totally different technique to display price action. The Heikin Ashi. Like the beer? Umm nope. Let’s focus now….
Like synchronized swimmers, some currency pairs move in tandem with each other. And like magnets of the same poles that touch, other currency pairs move in opposite directions. When you are simultaneously trading multiple currency pairs in your trading account, the most important thing is to make sure you’re aware of your RISK EXPOSURE You might believe that…